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Highlights
- Binance partners with Paymonade to enhance user offerings on the platform.
- The partnership allows a new service for users, facilitating direct crypto selling to debit and credit cards.
- Binance continues to solidify its ranking as a key player within the industry with recent developments.
Leading crypto exchange Binance on Thursday issued a vital announcement for its users, streamlining offerings on the crypto trading platform. The crypto exchange revealed that it is partnering with Paymonade, a top-notch crypto payment technology solution, to facilitate direct crypto selling for users. Notably, the trading platform now permits users to sell crypto directly to credit and debit cards.
Binance Offers Direct Crypto Selling, Refining Platform Offerings For Users
According to an official announcement by Binance dated October 24, the crypto exchange is announcing a service that allows users to sell crypto directly to credit/debit cards (VISA/Mastercard). This service comes riding the back of the exchange’s partnership with Paymonade.
Notably, the service allows users to seamlessly sell and convert their crypto holdings to local currencies, which are then deposited directly into their bank’s card. Primarily, this move by one of the top crypto exchanges has offered a hassle-free crypto conversion process, magnetizing more users globally. However, users first need to complete account verification and pass Paymonade’s verification process to avail the abovementioned service.
Further, Binance notified that the service is to be gradually rolled out to users across the globe. For context, a user can sell cryptocurrencies directly to a debit or credit card by navigating to the ‘Sell Crypto’ page on the platform. Thereafter, the user can select ‘Paymonade (VISA/Mastercard)’ and click ‘confirm’ to place a sell order.
However, as mentioned above, the service will only be available after security verification on the crypto trading platform and after integrating one’s Visa or Mastercard card via the Paymonade page. Once done, users can receive funds in their respective Visa cards, the announcement concluded.
Overall, the move by the firm indicates efforts to maximize user appeal on the platform. By unveiling new trade offerings, the exchange continues to cement its positioning as a key player in the industry.
Recent Advancements Garner Further Attention
Meanwhile, the exchange has continued to revolutionize other trade offerings for users, further solidifying its positioning within the sector. Notably, Binance recently rolled out a stockpile of crypto token listings in an effort to tap into emerging markets and offer its users enhanced options regarding the same.
CoinGape Media reported the exchange to have rolled out Simon’s Cat perpetual listing recently, urging a 40% pump in CAT price. Notably, the token has gained roughly 65% to date. Simultaneously, in another mover, the crypto exchange delisted four cryptos, sparking further market discussions globally.
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